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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: GREENLAW4-7 who wrote (121253)5/31/2009 8:46:19 AM
From: quehubo11 Recommendations  Read Replies (1) | Respond to of 206085
 
I scaled back to 1/3 loaded over the last week or so. I dont have targets for anything.

I dont see that this administration or Congress has a clue on how to support a good business environment. Other than giving away trillions of dollars to business to see it disappear.

The finance industry, the construction industry and the auto industry are not going to recover to their recent employment levels any time soon. So where will the jobs come from?

The future is way too uncertain for me to make big bets with. Until I see a clearer view and see an opportunity I am going to be cautious.

The oil argument is not going to be one about scarcity for some time, likely until the rest of the planet learns to grow without the US consumer.

Over the last 10 years I had held onto my principle, I have spent about 125% of my original positions and am holding onto gains about 250% of my original position. I am not going to give it back by betting on black or red here.